Sincere Securities Private Limited & Ors. v. Chandrakant Khemka 2025 INSC 931 - IBC - CoC - Commercial Wisdom
note
We make notes on all Supreme Court judgments for our subscribers’ community consisting of judges, lawyers and students of law and share it in this website. If you want to access them, you can register below. If you are our subscriber, please sign in to read our notes.
Insolvency and Bankruptcy Code 2016 - The commercial wisdom of the CoC must be given primacy during the CIRP. (Para 8)
Case Info
Case Name and Neutral Citation
- Case Name: Sincere Securities Private Limited & Ors. v. Chandrakant Khemka & Ors.
- Neutral Citation: 2025 INSC 931
Coram (Judges)
- Justice Sanjay Kumar
- Justice Satish Chandra Sharma
Judgment Date
- Date: August 05, 2025
Caselaws and Citations
- K. Sashidhar v. Indian Overseas Bank and others
- Citation: (2019) 12 SCC 150
Statutes/Laws Referred
- Insolvency and Bankruptcy Code, 2016 (IBC)
- Section 62 (Appeal to Supreme Court)
- Section 7 (Initiation of CIRP by financial creditor)
- Section 14(1)(d) (Moratorium on recovery of property)
- Section 33(1) (Liquidation process)
- Sick Industrial Companies Act, 1985
- Section 22 (Protection for sick companies) (mentioned in context)
